Net sales, Operating profit, Ordinary profit, Profit attributable to owners of parent
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█Operating profit █Ordinary profit █Profit attributable to owners of parent ●Net sales
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Consolidated net sales increased 1.2% year on year to 102,261 million yen, reflecting growth in the Car Electronics segment, which focuses on motorcycle and automobile related products, and the depreciation of the yen, despite a significant decrease in the Electronic Device segment, stemming mainly from the economic slowdown in China. On the earnings front, despite the positive effect of increased sales in the Car Electronics segment, operating income amounted to 1,278 million yen, down 64.7% year on year, and ordinary income amounted to 1,660 million yen, down 61.6% year on year, due to a decrease in sales in the Electronic Device segment. Loss attributable to owners of the parent amounted to 712 million yen, compared with profit attributable to owners of the parent of 1,645 million yen in the previous fiscal year, reflecting the reversal of deferred tax assets and loss on sale of investment securities of an equity method affiliate.
Net assets
Total assets
Total assets as of March 31, 2024 stood at ¥144,669 million, up ¥6,576 million year on year. This was mainly due to an increase in inventories.
Total liabilities at the end of the fiscal year were down ¥1,801 million year on year to ¥73,752 million. This was mainly attributable to a decrease in retirement benefit liability.
Total net assets at the end of the fiscal year under review stood at ¥70,917 million, up ¥8,377 million from a year prior. This was mainly because of an increase in valuation difference on available-for-sale securities and an increase in remeasurements of defined benefit plans.
As a result, net assets per share were ¥6,876.60.
ROE
ROA
Equity ratio
Capital investment
Depreciation
Research and developement expenditure
(million yen)
